Osaki Electric Balance Sheet Health
Financial Health criteria checks 5/6
Osaki Electric has a total shareholder equity of ¥61.6B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are ¥94.2B and ¥32.6B respectively. Osaki Electric's EBIT is ¥5.5B making its interest coverage ratio -34.8. It has cash and short-term investments of ¥8.9B.
Key information
7.8%
Debt to equity ratio
JP¥4.80b
Debt
Interest coverage ratio | -34.8x |
Cash | JP¥8.93b |
Equity | JP¥61.59b |
Total liabilities | JP¥32.56b |
Total assets | JP¥94.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6644's short term assets (¥55.8B) exceed its short term liabilities (¥21.9B).
Long Term Liabilities: 6644's short term assets (¥55.8B) exceed its long term liabilities (¥10.7B).
Debt to Equity History and Analysis
Debt Level: 6644 has more cash than its total debt.
Reducing Debt: 6644's debt to equity ratio has reduced from 12.2% to 7.8% over the past 5 years.
Debt Coverage: 6644's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6644 earns more interest than it pays, so coverage of interest payments is not a concern.